After 30 years, The New York Times has admitted that Reaganomics worked.

The inadvertent revelation comes in a November 29th article by Binyamin Appelbaum chronicling the steadily falling tax burden Americans have experienced since the 1980s.

AEI columnist James Pethokoukis notes that the heart of The Times’ article is that in 2010 Americans “paid far less in total taxes — federal, state and local — than they would have paid 30 years ago.”

Pethokoukis points out that some tax hike advocates think this means that America’s tax burden is too low and time has come for a hike. But Pethokoukis disagrees.

Maybe I’m crazy, but I think the reduction in the tax burden — staring with the Reagan tax cuts — has been a huge competitive advantage for the U.S. We should keep that edge. Check out these numbers. In 1981, France’s per capita GDP was 81% of U.S. per capita GDP, Germany’s 83%, Italy’s 81%, Britain’s 69%.

The Reagan Club meets on the second Thursday of every month at CB & Potts, 1257 W 120th Avenue, Westminster, CO, 80234 from 6:30 p.m. - 8:30 p.m. with doors open at 6:00 p.m. Enter via CB & Potts main entrance and head to the back meeting room. Food and beverages are available from CB & Potts.
We feature different programs and speakers as we honor the 40th President.
The Reagan Club of Colorado seeks to promote the Constitution, smaller government, lower taxes, personal freedom, helping candidates, and educating the public about one of our greatest presidents, Ronald Wilson Reagan.